Classic Electrodes (India) Ltd. IPO Details – Price, Date, GMP & Analysis
Listed
SME
Price Range:
Rs.87
Issue Size:
Rs.41.51 Cr
Lot Size:
1600 shares
Open Date:
August 22
Classic Electrodes (India) Ltd. IPO Overview
Bidding Dates
August 22 - August 26
Min Investment
₹139,200
Price Range
₹87
Issue Size
₹41.51 Cr
IPO DRHP Doc
Company Overview
Classic Electrodes (India) Limited, established in 1997 and based in Kolkata, specializes in manufacturing welding consumables, including electrodes and MIG wires. The company operates two manufacturing units in West Bengal and Haryana, focusing on efficient product distribution and customer access. As of July 31, 2024, it employs 78 permanent staff.
IPO Timeline
Opens
Aug 22
Closes
Aug 26
Allotment
Aug 28
Refunds
Aug 28
Shares Credit
Aug 29
Listing
Sep 1
Opens
Aug 22
Closes
Aug 26
Allotment
Aug 28
Refunds
Aug 28
Shares Credit
Aug 29
Listing
Sep 1
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 84.88x | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 356.75x | Oversubscribed |
| RII (Retail Individual Investors) | 158.44x | Oversubscribed |
| Total Subscription | 179.97x | Oversubscribed |
Last updated: Aug 26, 2025, 06:22 PM
Current GMP:
Rs.22
Est. Listing:
Rs.109
Est. Gain:
+25.3%
Star Rating:
★★★★★(4/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Assets | ₹116.34 Cr | ₹88.53 Cr | ₹76.79 Cr | ₹74.99 Cr |
| EBITDA | ₹19.24 Cr | ₹23.04 Cr | ₹8.54 Cr | ₹6.08 Cr |
| Net Worth | ₹43.6 Cr | ₹34.03 Cr | ₹21.73 Cr | ₹19.65 Cr |
| Profit After Tax | ₹9.57 Cr | ₹12.3 Cr | ₹2.08 Cr | ₹1.49 Cr |
| Reserves and Surplus | ₹30.41 Cr | ₹28.75 Cr | ₹16.46 Cr | ₹14.37 Cr |
| Total Borrowing | ₹53.5 Cr | ₹46.73 Cr | ₹44.11 Cr | ₹40.21 Cr |
| Total Income | ₹187.9 Cr | ₹194.41 Cr | ₹151.13 Cr | ₹134.37 Cr |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- Established brand recognition for quality and reliability among industrial users and distributors
- Comprehensive product portfolio includes mild steel, stainless steel, cast iron electrodes, deep penetration electrodes, and MIG wires.
- Modern production facility in West Bengal utilises automated manufacturing processes.
- ISO certifications and quality management systems ensure consistent product standards.
- Established supply chain network and dealer relationships facilitate timely product delivery.
- In-house research and development capabilities support product innovation and customisation.
IPO Details
Classic Electrodes IPO Details
| ₹10 per share | |
| ₹87 per share | |
| 1,31,93,750 shares | |
| 1,600 Shares | |
| 1,79,64,950 shares | |
| 47,71,200 shares (aggregating up to ₹41.51 Cr) | |
| IPO Date | August 22, 2025 to August 26, 2025 |
| Issue Type | Bookbuilding IPO |
| Net Offered to Public | 44,92,800 shares (aggregating up to ₹39.09 Cr) |
| NSE SME | |
| Reserved for | |
| Sale Type | Fresh Capital |
| September 1, 2025 |
Classic Electrodes IPO Reservation
Share Reservation Distribution
QIB
2,243,200 shares (47.02%)
Retail
1,574,400 shares (33%)
Anchor Investors
1,344,000 shares (28.17%)
QIB (Ex-Anchor)
899,200 shares (18.85%)
HNI (NII)
675,200 shares (14.15%)
bNII (>₹10L)
449,600 shares (9.42%)
Market Maker
278,400 shares (5.84%)
sNII (<₹10L)
225,600 shares (4.73%)
Classic Electrodes IPO Promoter Holding
| Promoter Holding Post Issue | 71.77% |
| Promoter Holding Pre Issue | 97.73% |
Classic Electrodes IPO Listing Details
| ₹87 per share |
| CLASSICEIL |
| INE0UQ601012 |
| September 1, 2025 |
| ST |
Key Dates
Open Date:August 22
Close Date:August 26
Listing Date:September 1
